South Indianapolis Valley, Indianapolis, IN—46222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Indianapolis Valley, Indianapolis, IN
As of Oct '25, the median home price in South Indianapolis Valley, Indianapolis, IN is $127,000, with a year-over-year change of 1.7%. This indicates that home prices in South Indianapolis Valley, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | 1.7% |
| Single Family | $127,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | -1.2% |
2 Bed | $107,000 | 0.9% |
3 Bed | $143,000 | 2.1% |
4 Bed | $152,000 | 1.3% |
| 5 Bed | $178,000 | -1.7% |
% of Housing Stock
Rental Trends — South Indianapolis Valley, Indianapolis, IN
As of July '25, Rentcast reports the average rent in South Indianapolis Valley, Indianapolis, IN is $1,130, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in South Indianapolis Valley, Indianapolis, IN is studios: $663, 1-bedrooms: $883, 2-bedrooms: $1,260, 3-bedrooms: $1,480, 4-bedrooms: $1,420. The most common rental property sizes in South Indianapolis Valley, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 43.7% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,130 |
| Studio Rent | $625 | $663 |
| 1 Bed Rent | $825 | $883 |
| 2 Bed Rent | $1,100 | $1,260 |
| 3 Bed Rent | $1,380 | $1,480 |
| 4 Bed Rent | $1,350 | $1,420 |
% of Rental Stock
Property Listings — South Indianapolis Valley, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in South Indianapolis Valley, Indianapolis, IN is 59. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $166,000 | -4.0% |
Listing Count | 107 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 59 | -2.0% |
Demographics — South Indianapolis Valley, Indianapolis, IN
As of the latest ACS Survey released in 2023, South Indianapolis Valley, Indianapolis, IN has a population of 37,600, which has increased by 3.3% over the past 5 years. South Indianapolis Valley, Indianapolis, IN is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 3.3% |
% Under 18 | 27.4% | -11.9% |
% Seniors | 11.0% | 34.1% |
% WFH | 6.4% | 357.1% |
% w/ College Degree | 17.3% | 88.0% |
As of the latest ACS Survey released in 2023, South Indianapolis Valley, Indianapolis, IN is a predominantly white area, with 31.7% of the population identifying as white. The white population has grown by 12.0% in the last 5 years. The second most common race or ethnicity in South Indianapolis Valley, Indianapolis, IN is black, making up 30.4% of the population. Foreign-born residents account for 20.6% of the population in South Indianapolis Valley, Indianapolis, IN, and this percentage has increased by 35.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 31.7% | 12.0% |
% Black | 30.4% | -23.0% |
% Hispanic | 30.2% | 5.6% |
% Asian | 2.9% | 222.2% |
% Foreign Born | 20.6% | 35.5% |
Mortgage and Risk — South Indianapolis Valley, Indianapolis, IN
According to HUD data as of 2023, there were 405 mortgage originations in South Indianapolis Valley, Indianapolis, IN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in South Indianapolis Valley, Indianapolis, IN. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 405 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — South Indianapolis Valley, Indianapolis, IN
As of 2024, the percent of homes in South Indianapolis Valley, Indianapolis, IN under the Section 8 program is 9.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Indianapolis Valley, Indianapolis, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 777 |
Total Units Section 8 | 665 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 77.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $825 | $1,040 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | $210 | $1,380 | $1,590 |
| 4 Bedroom | $570 | $1,350 | $1,920 |
Affordability — South Indianapolis Valley, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $127,000 |
| Median Household Income | $45,200 |